Table 1 Government Pension Fund - Norway. Balance sheet. 31 December 2003-31 December 2008. NOK million

1 Government Pension Fund - Norway. Balance sheet. 31 December 2003-31 December 2008.¹ NOK million
	31.12.2003	30.06.2004	31.12.2004	30.06.2005	31.12.2005	30.06.2006	31.12.2006	30.06.2007	31.12.2007	30.06.2008	31.12.2008


Assets
1. Deposits	922	2 143	988	2 881	1 245	2 208	3 220	5 580	1 104	3 468	1 692
1.1. Central Bank of Norway	0	0	0	0	0	0	0	0	0	0	0
1.2. Commercial banks	522	985	392	2 131	745	1 458	2 270	4 580	1 104	2 668	1 548
1.3. Savings banks	400	1 158	596	750	500	750	950	1 000	0	800	144
2. Commercial papers	1 360	1 572	3 919	3 392	4 536	1 455	2 273	3 496	2 895	3 233	1 940
3. Bonds²	26 068	25 706	26 585	25 406	34 266	27 694	39 259	35 736	41 732	41 206	38 763
4. Shares and other equity	24 291	25 146	40 840	44 978	50 574	53 185	63 408	73 919	70 084	67 332	45 628
5. Loans²	86 756	91 775	99 007	106 087	96 625	108 219	0	0	0	0	0
6. Other financial assets	18 938	21 031	4 142	1 694	4 102	2 345	957	353	1 749	324	1 631
7. Non-financial assets	-	-	-	-	-	-	-	-	-	-	-
Total assets	158 335	167 373	175 481	184 438	191 348	195 106	109 117	119 084	117 564	115 563	89 655

Liabilities and equity
Total liabilities and equity	158 335	167 373	175 481	184 438	191 348	195 106	109 117	119 084	117 564	115 563	89 655

¹	In the period prior to 31.12.2004, the financial instruments commercial papers, bonds, loans, shares and other equity are valued at original cost, while unrealized gain/loss are included in Other financial assets. From 31.12.2004 the financial assets are recorded at market value.
²	The Government Pension Fund - Norway's mandatory deposits with the Treasury was discontinued on December 29, 2006. The implication of this is a reduction in loans of NOK 101,8 billion and a convertion of loans of NOK 10 billion to bonds .
Source: National Insurance Scheme Fund.